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PowerShares DB US Dollar Bearish ETF Message Board

  • tomcarr1 tomcarr1 Mar 16, 2008 4:11 PM Flag

    Would I do better with UDN or a basket of the corresponding Rydex CurrencyShares?

    Would I do better with UDN or a basket of the corresponding Rydex CurrencyShares?

    I could create almost the same balance with just the FXE, FXY, FXB and FXC to get exposure to Euros, Yen, Pounds and Canadian dollar. If I wanted to go all out I could add the corresponding CurrencyShares for Swiss Francs and Swedish Krona, although those last 2 currencies represent less than 8% of the index and don't seem important.

    The advantage I see to doing this is that the CurrencyShares ETFs pay a better dividend and in the long run I think I would do better with them.

    I am not expert though. What am I missing?

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    • I am starting from the assumption that the US dollar is doomed, so I would buy udn. I am not a fan of the "basket of currencies" because each one of them has some sort of "subtlety". Fxa is related to commodity prices, fxc and fxm to oil ans fxy to panic or lack of in the market. Also they are volatile. A better way is to play options with these currencies.

 
UDN
26.2468+0.0768(+0.29%)2:04 PMEDT

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